I guess we have to rely on note1 to the FFX ann and hope it holds water: Note 1 "Firefinch once again emphasises that it is not a party to any agreements between Morila SA and its vendors and suppliers, nor is there any agreement between Firefinch and Morila SA that would require Firefinch to either resume funding Morila SA, or meet its debts, or other liabilities. Shareholders are also reminded that FFX has already written down the value of its shareholding in Morila SA to nil." The letter concentrates on resolving the Morila sale issue and apart from a mention of financials as an issue and Note 1 there is no apparent concern by FFX. It mat well be the issues LLL are involved in are not related to the Financial issues FFX mention. It may be the new mining code and its effects on LLL. Its wait and see. The below indicates that FFX may be prepared to settle to resolve the sale of Morila issue (my bold): " As previously advised, the aim of these good faith meetings is to resolve issues raised by Government that results in the Government supporting a potential transaction for the Company’s sale of its interest in Morila SA. "
LLL Price at posting:
$1.14 Sentiment: Hold Disclosure: Held
(20min delay)